Occupy or Add Value - Carparks Galore

E/23, William Pickering Drive, Albany, North Shore City

Price On Application

Proposed Usage
Office
Floor Area
382.00 m²
Description:
Property ID
1c4546z

- Duel tenancy office occupation/investment opportunity
- New 4 year term to existing tenant returning $49,650pa + GST
- Available (from October) 193sqm office tenancy with 10 carparks currently returning $53,000 + GST
- High profile corner site on the corner of William Pickering Drive and Piermark Drive

The offering represents a fantastic opportunity for an owner occupier or astute investor to acquire a well presented office unit in one of the Norths Shores most sort after commercial precincts.

A rarity in this price bracket, the property is segmented into two distinct tenancies (upstairs/downstairs split) providing several options for the successful purchaser to occupy the upcoming vacancy or to pursue a new lease with a holding income until October.

Unique to this unit that will prove attractive to anyone who currently owns a car in Auckland is the 16 car parks allocated to the unit including 10 available with the upcoming vacancy, a ratio that represents double the required allotment for this sized tenancy.

Modest rental rates, historically low vacancy and cost of construction/scarcity of land prohibiting competing new build stock all adds up to one fantastic buying opportunity..

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Albany Area